Jared Rice, former AriseBank CEO, pleaded guilty to securities fraud and could face as much as 20 years in prison.
Former AriseBank Execs Settle Charges in SEC ICO Fraud Lawsuit
The SEC has settled charges with AriseBank’s former CEO and COO, requiring the two to pay $2.7 million in disgorgement and $187,000 in penalties.
FBI Arrests AriseBank CEO Over $4 Million Crypto Fraud
The FBI has arrested the CEO of cryptocurrency platform AriseBank after he was indicted over an alleged multi-million dollar scam.
AriseBank ICO Fraud Case May Ensnare Additional Parties
A court filing indicates that the SEC-appointed receiver for AriseBank is searching for undisclosed assets and investigating third-party involvement.